Lebanon Environmental Pollution Abatement Project Additional Financing (WB-P172032)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 10, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Lebanon
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 16, 2020

Disclosed by Bank Nov 1, 2019


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Project Description

According to bank documents, the objectives of the project are to assist the Ministry of Finance in: (a) reducing industrial pollution in targeted Industrial Enterprises; and (b) strengthening the monitoring and enforcement capabilities of the MOE.

The additional financing components will mirror the parent project and will comprise of the following:

  1. Project Management and Technical Assistance (IBRD, US$5 million). The component will include Project Management costs (US$2.5 million) for the PMU operating costs including technical, fiduciary and safeguards management, monitoring, evaluation, reporting, and communication. The component will also provide Technical Assistance (US$2.5 million) to strengthen pollution management capacity of the Ministry of Environment and participating industries.
  2. Investment in Pollution Management Subprojects (IBRD, US$45 million) will provide concessional loans through the banking sector for pollution prevention and abatement measures identified in Component 1. These will include enterprises and establishments in the: (i) industrial; (ii) agricultural; (iii) healthcare and medical waste sectors; and (iv) any other classified establishments, in order to bring them in compliance with national environmental regulations in a cost-effective manner.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Laurent Debroux
Program Coordinator

Borrower:
Ministry of Finance
Alain Bifani
Director General

Implementing Agencies:
Ministry of Environment
Manal Moussallem
Advisor to the Minister

Central Bank
Wael Hamdan
Senior Director - Head of Financing Unit

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.